Flex Space and "B" Office Rental Rates - May 2010

Flex space and “B” office are second only to development land as hardest hit commercial sector in this “great recession.”  The positive is that if your business requires flex space and “B” office you will be pleasantly surprised as rental rates are $5-$12 per square foot or 30%- 60% lower than two years ago.  Not all properties are taking that hit, however, as the more desirable properties are still commanding $10-$16 per square foot.